Upland, California – Multi-Tenant Industrial and Office Center sells for $10.1 million. The Lee Chang Group represented the seller, Upland Tech, LLC. The Upland Tech Center, located at 2022-2066 Eleventh Street has 10 flex units and a total size of 181,000 square feet. At the time of the sale, there were six tenants in the building secured by long term leases, giving the property an 80 percent occupancy rate.
This office center is located near I-10, the San Bernardino Freeway, making it a very desirable location for businesses in any industry. The exterior is very attractive and well maintained and offers 360 parking spaces for employees and visiting clients of the companies. High ceilings and loading docks make these suites attractive to manufacturers or distribution companies.
The Lee Chang Group was able to secure a buyer for this prime property in a very short period of time. Their extensive base of investors both locally and nationally allowed them to match a buyer to the property in record breaking time. The property sold at a price that was beneficial to both the seller and the buyer.
The Lee Chang Group has worked very hard to create a marketing program that focuses on industrial and commercial properties located throughout the Inland Empire and Greater Los Angeles area. By specializing in a specific area, the Group has been able to focus on the available properties, become knowledgeable about what clients desire in a property, and easily match both of these factors for a quick transaction.
In addition to offering seller representation services, the Lee Chang Group also provides buyer representation services, landlord and tenant representation services, and property valuation services. They have become a leader in the commercial and industrial real estate brokering industry and are known as the “go-to” brokers within the Inland Empire.
Multi-Tenant Industrial Office Space Sale
- Tenant/Buyer: Upland Tech, LLC
- Landlord/Seller: Oro UTC, LLC
- Property Type: Multi-tenant industrial and office
- Region: Inland Empire West
- County: San Bernardino County
- City: Upland, CA
- Property Size: 180,344 square foot
- Clear Ceiling Height: 18 ft
- Parking Spaces: 360
- Dock-High Doors/Loading: 6
- Drive In / Grade-Level Doors: 10
- Closest Freeways/Highways Exposure: San Bernardino Freeway (I-10)
- Closest Ports: Port of Long Beach
- Value: Over $10,100,000
- Terms: sale
- NAI Capital, Lee Chang Group Agents: Richard Lee, Nicholas Chang
- Property Address: 2022 – 2066 Eleventh Street